MACY'S ANNOUNCES MERGER WITH MAY STORES

Terry Lundgren, president, chair and CEO of Federated Department Stores which owns Macy's, announces that Federated and Mays Department Store has entered into a merger agreement at a press conference February 28, 2005 in New York City. The deal, which was approved yesterday, will establish Federated as a $30 billion national retailer operating more than 950 stores. (UPI Photos/Monika Graff)

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